The initiatives of the Agriculture Corridor as visualized by Global Partnership Summit 2017 gives a massive impetus to not just agriculture but also of the ancillary industries.

This corridor presently includes 13
states and union territories of India namely the union territory of Chandigarh;
and the states of Punjab, New Delhi, Uttarakhand, Haryana, Rajasthan, Uttar
Pradesh, Bihar, Madhya Pradesh, Chattisgarh, Odisha, West Bengal and Jharkhand.
This ambitious project is one of the major initiatives of the Global
Partnership Summit.

In
Focus

This project will have the support of
both the governments of Japan and India and will go a long way in strengthening
the relationship between not just the two countries but all participants. It
could contribute in a very big way to the economies of both Japan and India.

Japan with its advanced farming techniques
would provide for this corridor to become a driving force to create not just a
food surplus here but give a huge push to ancillary and other industries. A new
development model that can be duplicated everywhere will be created. This will
create job opportunities from the enormous infrastructure projects that will be
built across this corridor.

Research institutions to improve crop
yields will help millions of farmers to produce efficiently. The vast majority
of India continues to work in the rural areas mainly agriculture. The corridor
will give them the opportunity to create new means of livelihood.

The primary business will be to set up
facilities for warehousing, cold storage centers, transport hubs and other
services for farmers along the corridor. Once this is established, the wastage
which at present is enormous by world standards would become minimized leading
to an immediate surge in available food. The tech companies involved in this
corridor will further enhance production levels which could then see a surplus
in a few years that could either go to the more needy parts of the country of
exported.

Exports to countries like Japan would
also take an upswing as Japan is still a net importer of food. Businesses with
Japan and other partner countries that come into this corridor would flourish
not only locally but across many other areas.

The GPS will facilitate the partnerships
between local industries and Foreign Direct Investments (FDI) for related
businesses in this sector. The facilitation will include joint ventures,
technology transfers and financial assistance to all that need it. A team will
ensure that this is done on a sustainable basis and that the bottlenecks if any
are taken care of with speed.

This corridor would generate business
for a huge number of industries. As an example, the more people involved in the
projects there would be a need for healthcare initiatives to be set up along
the hubs.

Research institutions along the corridor
will lead to more educational institutes being set up. The new development model
will ensure that a sustainable and ecological growth pattern be established for
people and businesses. India is a diverse country with many local cultures.

The corridor will become a new source of
cooperation between these cultures and with the participation of Japan and
other countries, a source of knowledge about the outside world, a winning
situation for all the participants, viz., public, private and government.

Business across the corridor once it is
active is going to become the biggest source of goods and services for the
country. Prosperity within the corridor and outside too will be a given as the
investments that would come in will be in the billions of dollars. An access to
the huge population in these 13 states will become a prime attraction to the
various business houses of not just India but collaborative efforts with all
the partner countries.

India is now a big destination for
almost everyone interested in the emerging market scenario as the growth
potential for several decades is in countries like this. India also has one of
the largest growth rates in the world beating many other emerging economies.
This will continue and a business corridor like this will add to it attraction.
Already policies are being tweaked constantly at the governmental level to aid
and facilitate businesses across industry sectors. The other important factor
is that the corridor envisages a sustainable environment for all.